Article

Chile's Article 6 National Committee has approved two battery energy storage system (BESS) projects to generate and sell carbon credits under a bilateral agreement with Switzerland. These projects will optimize renewable energy integration and reduce fossil fuel use during peak hours.

The approval covers additional projects focused on electric mobility and energy efficiency. This agreement, one of the first in Latin America implementing Article 6 of the Paris Agreement, allows for credit transfers while ensuring climate goals are supported. The initiative mobilizes over $1 billion for domestic emission reduction efforts.